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WebFeb 21, 2024 · Undeveloped land, often called raw land, is a vacant area without any public utilities, buildings or even driveways. Often, undeveloped land is in rural areas found off county roads and could be the place to build your forever home. It can be used for many other purposes as well, including: Recreational use. WebFeb 16, 2024 · Vacant land is usually cheaper to own as a long-term investment, especially since property taxes and fees are often lower than for developed land. Also, vacant landowners tend to be motivated sellers. … WebNov 11, 2024 · To finance vacant land, identify the land type, understand the financial requirements, and choose the financing option. The six best ways to finance vacant land include a land loan, seller lending, home … dragon ball chou